National Presto Industries (NPK) FY2018 results: revenue $323 million, down 3.1% on the year
National Presto Industries Inc. (NPK) reported revenue of $323 million for fiscal 2018, the year ended 31 December 2018, down 3.1% on the year before. Net income was $40 million, down 24.6%, and diluted earnings per share $5.70. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2019.
Revenue
$323 million
-3.1% on the year
FY2011FY2018
Operating margin
14.8%
18.5% a year earlier
FY2011FY2018
Net income
$40 million
-24.6% on the year
FY2011FY2018
Diluted EPS
$5.70
-24.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
323
334
342
-3.1%
Cost of revenue
247
246
256
+0.4%
Gross profit
75.9
87.2
85.7
-13.0%
Gross margin
23.5%
26.1%
25.1%
Selling, general and administrative
23.3
22.9
22.4
+1.7%
Operating income
47.9
61.7
62.5
-22.4%
Operating margin
14.8%
18.5%
18.3%
Pre-tax income
52.3
65.3
63.3
-19.8%
Income tax
12.4
22.0
21.4
-43.3%
Effective tax rate
23.8%
33.7%
33.8%
Net income
39.9
53.0
44.6
-24.6%
Net margin
12.4%
15.9%
13.0%
Diluted EPS
$5.70
$7.58
$6.39
-24.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
76.2
24.3
66.4
+214.1%
Capital expenditure
8.7
7.4
7.0
+17.4%
Free cash flow
67.6
16.9
59.4
+300.2%
Free cash flow margin
20.9%
5.1%
17.4%
Cash from investing
10.8
-2.1
-60.8
Cash from financing
-41.5
-38.0
-34.7
Depreciation and amortisation
6.2
9.8
8.9
-36.8%
Share-based compensation
0.5
0.5
0.4
-13.9%
Dividends paid
42.0
38.4
35.2
+9.3%
Shares outstanding at period end
7m
7m
7m
+0.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
366
366
350
-0.1%
Debt
0.0
0.0
0.0
Other liabilities
47.5
45.5
67.4
+4.4%
Total liabilities and equity
414
412
418
+0.4%
Fixed assets
39.1
45.2
49.5
-13.3%
Goodwill
11.5
11.5
11.5
0.0%
Intangible assets
1.0
3.3
5.0
-70.0%
Investments
135
144
84.5
-6.7%
Cash and equivalents
56.8
11.2
27.0
+406.6%
Receivables
52.4
65.2
67.3
-19.7%
Inventory
94.0
104
95.4
-10.0%
Other assets
24.2
26.8
77.5
-9.6%
Total assets
414
412
418
+0.4%
10-K for the year ended 31 December 2018, filed 15 March 2019: the filing.